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20121201
20121231
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CSPAN 4
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CSPAN
Dec 9, 2012 10:30am EST
of pennsylvania. his research includes the u.s. economy, tax policy, and the stock market. he is previously a senior economist at the board of governors at the federal reserve system. he went to that graduate school of business at columbia university. he has worked for both the george w. bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage point
CSPAN
Dec 15, 2012 2:00pm EST
from a week in brazil. the u.s. would have just grown faster than brazil in the most recent quarter, 2.4%. i raise this because you go down there and talk to business people about why it is. we could have made little more taxes here and a little more regulation there and cost of labor there and a fair amount of uncertainty about what we'll do in the future. they have taken the steam out of it. this is a fragile and requires government to facilitate rather than layer cost and uncertainty on top of it. with that uncertainty and a very aggressive regulatory agenda which has caused uncertainty around health care costs. you add that up and you have a period in which american business is operating under a huge weight. government rates the conditions where businesses and scientists can have the freedom to get the work done. that is an important thing to think about. government can create the conditions under which the cost is listed to allow businesses to innovate. >> if i could follow up. i thought this was amazing. u.s. firms spend 36% to comply with regulation than larger firms. the small
CSPAN
Dec 16, 2012 2:00pm EST
. this will create thousands of u.s. jobs in the hardest-hit industries on jobs that cannot be of course using materials that are 90% made in the usa energy efficiency is unique in that it creates its own cash flow. it pays for itself. there are significant barriers that prevent this from being harvested more efficiency -- more efficiently. one is to begin -- and this is akin to building power plants. we know how to finance power plants. they supply predictable amounts of energy and utility can easily raise capital. however we lack the same capital for energy efficiency even notice understood to be the most cost-effective resource for meeting our needs. the energy efficiency efforts equate to a resource greater than any other source in the country. greater than nuclear, natural gas or coal. this is a great example policy that can move the -- this provides incentive to home owners to increase -- the greater the incentive, i the savings. transitioning allows for business model metrology and creates a system to reward innovation. the good news this the systems will need to make this economically
CSPAN
Dec 17, 2012 2:00am EST
the northeast has been limited support and even violates the u.s. constitution. the chairman privatizing language is no private sector proposal for the northeast corner and the real competition act was determined by the nonpartisan congressional resource -- research was determined to violate raising costs. and eliminating long distance service. we agree we need true high speed rail is in the northeast corridor but we need to have a serious conversation about how this is to happen and they focus solely on privatizing with the goal of making the administration look bad. needs to stop. i want to welcome today's families and thank them for joining us. i look forward to their testimony. i yield back the balance of my time. >> thank you. how they do for your comments. i agree with the first part of her statement rather than the latter part. [laughter] you can tell we have a good report. seeking recognition? >> thank you. thank you for all the hard work. we may not agree on a lot of things. only a transportation is important to you. it is great. as someone who rides the rails just about every w
Search Results 0 to 3 of about 4